A Globalist Manifesto for Public Policy

80 Pages Posted: 31 May 2007

See all articles by Charles W. Calomiris

Charles W. Calomiris

Columbia University - Columbia Business School; National Bureau of Economic Research (NBER)

Date Written: 2007

Abstract

The worldwide trend towards privatisation, liberalisation and globalisation has produced substantial economic benefits. Nevertheless, liberalisation has had its shortcomings and there are potential threats to further progress, including in particular an anti-liberalisation backlash. Continuing progress depends on the ability to articulate a clear vision of the positive effects of global liberalisation and to establish institutions and policies which can help realise that vision. Reversing globalisation would harm the world's poorest inhabitants.

Professor Calomiris, well known for his work on national and international financial markets, examines the successes and failures of recent global liberalisation and derives a 'globalist manifesto' for public policy. His paper is a revised version of the tenth annual IEA Hayek Memorial Lecture given in July 2001.

Keywords: globalisation, free trade, economic growth, institutions

JEL Classification: F02, F1, F15, F20, F43, O19, O57

Suggested Citation

Calomiris, Charles W., A Globalist Manifesto for Public Policy (2007). IEA Research Paper No. OP124 . Available at SSRN: https://ssrn.com/abstract=988668 or http://dx.doi.org/10.2139/ssrn.988668

Charles W. Calomiris (Contact Author)

Columbia University - Columbia Business School ( email )

3022 Broadway
601 Uris, Dept. of Finance & Economics
New York, NY 10027
United States
212-854-8748 (Phone)
212-316-9219 (Fax)

National Bureau of Economic Research (NBER)

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Cambridge, MA 02138
United States

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